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Strategies & Market Trends : Sharck Soup

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To: limit who wrote (21824)5/9/2001 8:11:50 PM
From: American Spirit  Read Replies (3) of 37746
 
That was a silly post. Don't look at PE's on high-fliers with sudden 2 quarters slow-downs. They're all out of whack. The real PE over the next 4 quarters is much-much lower. Look at the market cap of the company and deduce what it's worth. What is Palm's franchise, patents and name brand worth globally? What would the buy-out price of the company be? Now you understand? And their main competition are their own licensees Handspring. Rival handhelds are not making a dent yet.

Haven't bought it back yet but I bought it last month at it's bottom of 6 and sold around 9 1/2. It popped to 10 1/2 last week but I missed that. SNE takeover rumors too. Now it's back to 7-8. Even though it has fleas it's good for a two buck pop in a rally.

The high is 67 and their new 500 Series will accelerate sales by the second half. They have to dump some current models cheaply but that will burn off. By the way if you want last years Palms they're selling cheap now.
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